Synopses & Reviews
Offering a unique blend of solid theoretical content and student accessibility, this text: 1) covers all the basics of macroeconomics, 2) gives students a clear idea of how economists think about the world, 3) stresses the key concepts in economics, and 4) is extremely rich in intriguing applications that convey the prevalence of economics in everyday life. Many principles instructors are constantly challenged with the goal of getting students excited about realization that economics is everywhere! Arnold has taken this to another level. He is so passionate about touching his students that he felt the need to write a Macroeconomics text that is dedicated to opening the science of economics through the pictures and applications of our lives. Arnold is considered the most innovative author in this market to meet the fast pace interests of both instructors and students. His five themes of Theory and Model building, Key Concepts, Primary and Secondary Consequences, Real-World Applications, and the idea that Economics is about gifts, exchanges, and transfers, set the tone for a teaching text that is extremely approachable by instructors and students.
Synopsis
Arnold continues to set the standard for clear, balanced, and thorough coverage of principles of economics that is truly engaging. With six new chapters, easy customization, and fully integrated digital and course management options, MACROECONOMICS, 8th Edition is the perfect text to help you learn the basics. Packed with intriguing pop culture examples to which you can relate, the text bolsters interest in economics by illustrating unexpected places economics occurs, how economic forces link events around the world to your lives, and how economics can be used as a tool in understanding the world. In addition, the eighth edition is integrated with such powerful resources as CengageNOW, Aplia, and the Tomlinson Videos. These resources allow you to gain a customized learning path tailored to your specific areas of strength and weakness, ensuring you gain complete mastery of course content. With new content reflecting a changing economy and new resources catering to the needs of a changing classroom, Macroeconomics, 8e is your ideal solution for the principles course.
About the Author
Roger A. Arnold is Professor of Economics at California State University, San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author who has written numerous academic articles, hundreds of newspaper columns, as well as the popular Economics In Our Times textbook and principles of economics supplementary text How to Think Like an Economist. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
Table of Contents
Part 1. ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics is About. Appendix A: Working with Diagrams. 2. Economic Activities: Producing and Trading. 3. Supply and Demand: Theory. 4. Supply and Demand: Practice Macroeconomics. Part 2. MACROECONOMIC FUNDAMENTALS. 5. Macroeconomic Measurements, Part I: Prices and Unemployment. 6. Macroeconomic Measurements, Part II: GDP and Real GDP. Part 3. MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 7. Aggregate Demand and Aggregate Supply. 8. The Self-Regulating Economy. 9. Economic Instability: A Critique of the Self-Regulating Economy. 10. The Federal Budget and Fiscal Policy. Part 4. MONEY, THE ECONOMY, AND MONETARY POLICY. 11. Money and Banking. 12. The Federal Reserve System. 13. Money and the Economy. 14. Monetary Policy. Part 5. EXPECTATIONS AND GROWTH CHAPTER. 15. Expectations Theory and the Economy. 16. Economic Growth The Global Economy. Part 6. INTERNATIONAL ECONOMICS AND GLOBALIZATION. 17. International Trade. 18. International Finance. 19. Globalization Practical Economics. Part 7. FINANCIAL MATTERS. 20. Stocks, Bonds, Futures, and Options. Appendix C: Should You Major in Economics? Self-Test. Appendix. Glossary. Index. Online Chapters. Chapter 21: Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. Chapter 22: International Impacts on the Macro Economy. Chapter 23: Unconventional Economics. Chapter 24: The Economy in Pictures.